Corporate Social Responsibility

Corporate Social ResponsibilityThe different aspects of corporate social responsibility (CSR) have been the topic of considerable debate since the last decades of the twentieth century. Main factor for the increased interest on the part of stakeholders in this topic are the increased public awareness and interest in the corporate social responsibility following the Information Revolution. This essay will assess the dangers and benefits of the business ethics for most of the stakeholders – employees, organizations, society, shareholders and the environment. It will also explore specific examples of corporate social responsibility in different large corporations and will make a comparison between two large companies’ ethical policies. The position that I will defend is that people behind corporations are the ones who can be philanthropic but enterprises themselves can only be driven by the laws of market (which in the modern economic reality in most Western countries demands an increasing attention to business ethics). According to Boddy (2008) some entrepreneurs like Titus Salt, Jeremiah Coleman and George Cadbury developed their enterprises with social responsibility and philanthropy from the start of the Industrial Revolution. However until the last decades of the twentieth century the dominant view was that the profit making organization’s responsibility to its shareholders should be set above all other responsibilities. Buchanan and Huczynski (2010) argue that the significance of corporate social responsibility has increased dramatically in the last decades because of two main reasons: the number of high profile corporate scandals (significant examples could be found in the fate of the United States’ giant corporations Enron and Worldcom) and the increased media scrutiny of organization practices. As Rollinson (2008) argues, the organizational responsibility to the wider society is provoked by the increased public interest and is stimulated by government legislature in the last half century. The corporate social responsibility has been variously defined as “the view that organizations should act ethically, in ways that contribute to economic development, the environment, quality of working life, local communities, and the wider society” (Buchanan and Huczynski, 2010); and as “the awareness, acceptance and management of the wider implications of corporate decisions” (Boddy, 2008). The authors also distinguish different types of business ethics. Daft (2008) argues that there are three domains of corporate social responsibility. Their role is to distinguish whether an action is ethical or not compared to: the legal standards, the social standards and the personal standards. In the first domain people agree that an action is ethical if it is not illegal according to the operative legislation in the given country. The second domain, of social standards, considers the socially accepted principles and values about what kind of human behaviour is legal and ethical according to the society. The third domain is the one of free choice. In this domain actions are judged by the personal moral values of the individual, which might be different from the socially accepted principles of behaviour. Linstead et al. (2004) list five objections to business ethics: psychological egotism; Machiavellian; legal-moral; agency arguments; and cultural relativism. Psychological egotists claim that “taking other people’s interest into account runs contrary to good business” (Linstead et al., 2004). However Linstead et al. (2004) argue that this theory is refuted by any action of genuine altruism. The Machiavellian theory states that achieving a certain goal justifies the ways, through which it has been achieved. The same author also refutes that theory by arguing that “if it is OK for business to develop their own brand of ethics implies that business does not impact on wider society”. The legal-moral objection to business ethics implies the belief...

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How important is it to implement Ethics and CSR for managers of today’s organization? How does ethics and CorporateSocialResponsibility affect the management of today’s organizations?
Abstract
This article describes the importance of ethics and corporatesocialresponsibility for managers of today’s companies and the effect it can have. In the beginning the discussion starts with the definition of organizational culture and goes then to the part of ethics and corporatesocialresponsibility. In the next steps the effects of ethics and corporatesocialresponsibility on managers and management of organization in the 21st century will be discussed and in the last there follows a conclusion.
Table of Contents
List of Figures
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How important is it to implement Ethics and CSR for managers of today’s organization? How does ethics and CorporateSocialResponsibility affect the management of today’s organizations?
1. Introduction
“Ethical values are now considered among the most important and have gained renewed emphasis in today’s era of financial scandals and moral lapses. A study of business news related to the 100 largest U.S. corporations found that a whopping 40 percent of them have recently been involved in activities that can...

...Introduction:
What is corporatesocialresponsibility, and how it really is in Iran? Basically, due to several problems the country has been afflicted by during recent 3 decades, country’s economy and business is suffering from an unhealthy infrastructure and undesirable business atmosphere, so the struggling private business in Iran, has not been really engaged with the CSR. However, efforts have been made by international communities and domestic stakeholders to propagate the concept among the emerging generation of modern business owners, but it is sure far from what it should be.
In this essay, first business status in Iran is briefly presented, and then the reasons for the absence of the CSR in Iran are studied. At the end recent activities in the area have been reviewed.
What is CSR?
Corporatesocialresponsibility has been described by a wide range of definitions:
"CorporateSocialResponsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large"(1), while a survey shows 68% of managers believe that Corporatesocialresponsibility is seriously considering the impact of the company’s conducts and decisions on society...

...In the old days cutthroat capitalism, socialresponsibility was hardly thought of. A company’s primary goal was to make money pretty much any way it could, and the consequences be damned. Today for-profit enterprises generally make a point of ‘putting something back” into society as well as taking something out and earning larger profits. Upper management has incorporated purpose, principal, and consequence, not only in conjunction with business performance but also in ethical terms.
A good business practice with regard to employee conduct is for an employee to interact and conduct business with co-workers, suppliers and the general public in a good manner as indicated by management . He wrote about socialresponsibilities and how it should be practiced in all companies.
But most businessmen are not concerned about integrity as they conduct business dealings on a daily basis. Unethical practices are not good for any business because such practices harbor ill will and create distrust. Beauchamp points out that if one keeps a moral and thorough outlook, it’s not hard to maintain, establish, and practice good business ethics.
Ethical concerns are more important in some businesses entities than others, as businesspeople and their customers question whether a particular practice is deemed morally acceptable. Ethics sometimes get in the way of resolving questions like: What is the ethical concern? Am I...

...﻿Corporatesocialresponsibility is a business philosophy that stresses the importance of keeping the best interests of the wider society in mind.
The World Business Council for Sustainable Development in its publication Making Good Business Sense by Lord Holme and Richard Watts, used the following definition.
‘CorporateSocialResponsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.’
CSR focuses on achieving economic success through responsible corporate governance in a company’s core area of business. CSR pushes organisations to do better because their actions affect customers, suppliers, employees, shareholders and the community at large. Around the world, companies are motivated to make their business decisions more sustainable by applying the principles of CSR within their organisations. Examples include the protection of human rights, drawing up and implementing employment and environmental standards, and minimising corruption.
In late February 2014, the Ministry of Corporate Affairs, Government of India notified rules under the Section 135 of Companies Act 2013 for CSR spending which will be effective from 1st April 2014. Under the legislation, certain class of...

...important in these different
fields
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Gospel of globalization!
Financial crisis – global capitalism
Globalization is process which dimishes the
necessity of a common and shared
territorial basis for social economic and
political activities, processes and relations
Globalization include cultural, legal and
accountabiliy issues for business ethics
Who are the key actors and stakeholders?
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Environmental pollution and destruction of
local cultures
Many companies have sustainability
statements
We need to combine the economic, social
and environmental – therefore we focus on
the triple bottom-line as essential for
business
Triple bottom-line management – the
balanced company…
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Anti-globalization campaign against
MacDonalds
What would be the appropriate business
ethics of MacDonalds?
Sustainability?
Human rights of Workers?
Is ethics of MacDonalds an Oxymoron?
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DEFINTIONS
Business ethicS
Corporate citizenship
CorporateSocialResponsibility
Values-driven management
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Pressure from governments to business
corporations for Self-regulation
European Union CSR policies
US – Federal Sentencing Guidelines
UN Global Compact
Global Corporate Citizenship as ”licence to
operate” of corporations.
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Economic Man
Maximization of...

...Nigeria is a developing country that is abundantly rich in many natural resources and as a result has a good number of multinational corporations ranging from oil companies, banks to consulting firms. Unfortunately, CSR is a concept that I personally believe the government has left to expectations, believing the multinational corporations would do what is ‘right’ by offering certain benefits to the society and the environment. As a result of this approach, Corporate and socialresponsibility has become a forgotten issue thus not playing a vital role in Nigeria as it does in some African countries and the developed world. Both the government and the corporations are happy to maintain that status quo and go on with business as usual.
Although there is very minimal CSR in the country, the government constantly highlights and expects total transparency from all businesses. This is one of the principles of the United Nations Global Compact, which promotes ‘work against corruption in all its forms, including bribery and extortion’ . Paradoxically in a country where CSR is almost non-existent, the government constantly emphasise the importance of transparency even though everyone, the corporations included, operate with impunity. Most of the companies understand how the system works and how to get around the system due to the relentless corruption going on in the country and only use CSR or ‘promote’ transparency mostly as propaganda to...

...from society and our family becomes our obligation which we need to fulfill. The fulfillment of these obligations is called our responsibility towards society. The same scenario applies for business also.
What is “Corporatesocialresponsibility”
* We do know that every business operates within a society and uses the available resources of the society and depends on the society itself for their existence. This creates a responsibility for business towards a society that they must return to the society in return of what they(Business) had taken. All the activities of business should be in welfare of the society rather than involving in practices that would harm the welfare of the society. So, Socialresponsibility of business is all those obligations and activities that is done for the welfare of society. For example: A oil firm manufactures oil products and contributes its contribution in the growth of oil sector. Along with that they provide scholarships and educational loans for the studies of their employees children’s .So, in both the cases a business is carrying out it’s socialresponsibility.
* Work cited:"Socialresponsibility of business" www.gobokee.net.07 july 2013 &lt;http://www.gobookee.net/social-responsibilities-of-business/&gt;
* As defined by...

...CORPORATESOCIALRESPONSIBILITY
WITHIN
THE AIRLINE INDUSTRY
By : R J Wright
This assignment is submitted in partial fulfilment of the requirements of the University of Salford for the degree of:
Bachelor of Arts with honours in Hospitality Management
Declaration
The following work has been completed by R J Wright and it is all my own work except where it is referenced accordingly.
R J Wright
R J Wright
Abbreviations
1. CSR CorporateSocialResponsibility
2. PR Public Relations
3. AEF Aviation Environmental Federation
4. ETS Emissions Trading Scheme
5. CO2 Carbon Dioxide
6.
7. US United States of America
8. UK United Kingdom
9.
Contents Page
1. Title Page 1
2. Declaration 2
3. Abbreviations 3
4. Contents 4
5. Abstract 5
6. Definition of CorporateSocialResponsibility 6
7. Defining the Concept 6
8. CSR within the airline industry 8
9. The Companies 9
10. Taking Action 10
11. a
12. a
13. a
14. aa
15. a
16. Bibliography
Abstract
Researcher: Roderick Wright
Date of completion: 19 Nov 2007
Background information: A brief insight into the history and development of corporatesocialresponsibility, from it inception to current day. It then...